Logistics

The spot market has been declining, but with rates and volumes still above historic norms it’s unclear where it will stabilize.

Legislation that would approve dozens of projects and studies under the purview of the Army Corps of Engineers was advanced by a committee in the U.S. House of Representatives on May 18.

SCOTTSDALE, Ariz. — Accelerated retirements, an aging workforce, a decadeslong declining birthrate and low unemployment rate continue to cause challenges for the trucking industry as it seeks to overcome the 80,000-plus driver shortage.

China appears to be gradually easing its lockdown of Shanghai, but that won’t bring immediate relief to global supply chain congestion, according to a major shipping company.

Ryder System Inc. opened a facility in Caldwell, Idaho, as part of a strategic expansion of its last-mile network, the company announced May 17.

Home Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.

U.S. retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation.

CLEVELAND — More than 1.6 million tons of cargo ship carrying capacity was delayed for 28 days due to ice conditions on Lake Superior, Lake Huron, Lake Michigan and in Green Bay. A lack of Coast Guard icebreakers hampered efforts to meet the needs of commerce.

XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.

Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune.